Policies Supported by the IMF and World Bank to Increase

question 32

Multiple Choice

Policies supported by the IMF and World Bank to increase economic liberalization in less-developed countries are often referred to as the

• A) Washington Consensus.
• B) Multilateral Accord.
• C) Millennium Action Accord.
• D) United Nations Economic Compact.

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Definitions:

Impossibility Of Performance

Impossibility of performance occurs when unforeseen events render it legally or physically impossible to fulfill the obligations of a contract.

Substantial Performance

Substantial performance refers to the completion of a nearly all terms of a contract or agreement, meeting the essential requirements despite minor deviations.

Paint Job

The application of paint to a surface, commonly referring to the process of painting vehicles or buildings for protective or aesthetic purposes.

Offer Of Performance

Offer of performance, in legal terms, is when a party involved in a contract demonstrates readiness and willingness to fulfill their obligations under the contract.